Dale Krause

Predeceasing a Medicaid Compliant Annuity

"If a single person buys a Medicaid Compliant Annuity to provide income during a disqualification period, and the state Medicaid agency is designated as the primary beneficiary, what if the individual predeceases the annuity?" This is an excellent ques... Read >

Using an Annuity with a Personal Services Contract

Primarily in Florida, Personal Services Contracts ("PSK"), which are also referred to as Caregiver Agreements, are widely used as a spend-down tool for Medicaid and Veterans benefits planning. A PSK generally services four purposes: 1. It reduces an... Read >

The Appropriate Use of Short-Term Medicaid Compliant Annuities

In March of 2010 the National Association of State Medicaid Directors ("NASMD") wrote a letter to the Center for Medicaid and State Operations ("CMS") regarding the inappropriate use of short-term Medicaid Compliant Annuities. If you recall, NASMD reques... Read >

Veterans Long Term Care Planning with Annuities

With more and more elder law attorneys expanding their practices to include Veterans Aid & Attendance benefits planning, I have seen countless self-dubbed "VA Planning Specialists" offering their services. A large amount of VA plans fail in that many ins... Read >

Medicaid Compliant Annuity vs. Medicaid Friendly Annuity

With so many annuities for Medicaid planning purposes now being offered by way of insurance agents, financial planners, and insurance companies, I feel that it is necessary to distinguish the products offered by Krause Financial Services from the group. ... Read >

Pre-Planning with Tax-Qualified Funds

When trying to pre-plan with tax-qualified funds, whether the planning is for Medicaid or VA benefits, we all know that the primary goals are to get rid of excess assets, while minimizing tax liabilities. A balance must be created between program eligibi... Read >